Atlas Energy Solutions Reports Annual Meeting Results; Directors Elected and Annual Say-on-Pay Frequency Approved

Atlas Energy Solutions Inc. held its 2025 Annual Meeting of Stockholders on May 8, 2025. Shareholders voted on three key proposals:

Election of Directors:
Stockholders elected A. Lance Langford, Mark P. Mills, and Douglas G. Rogers as Class II directors for terms expiring in 2028. Rogers received the strongest support, with over 84.7 million votes in favor and just 1.3 million withheld.

Ratification of Auditor:
Ernst & Young LLP was ratified as the company’s independent registered public accounting firm for fiscal 2025, receiving more than 114.1 million votes in favor.

Say-on-Pay Frequency:
Shareholders overwhelmingly supported holding an annual advisory vote on named executive officer compensation, with over 85.3 million votes for the one-year frequency.

Based on the vote, the company’s board will continue to conduct an annual say-on-pay vote.

Atlas Energy Solutions Inc. announced a definitive agreement to acquire Moser Energy Systems in a $220 million deal. The acquisition includes $180 million in cash and 1.7 million shares of Atlas common stock, with flexibility for Atlas to elect a full cash payment. Moser, a provider of distributed energy solutions, brings assets like natural gas-powered generators, a strong EBITDA margin exceeding 50%, and geographic diversification, particularly in the Permian Basin and other key U.S. oil and gas regions. The acquisition is expected to close by the end of the first quarter of 2025 and is projected to enhance Atlas’s cash flow, expand customer reach, and provide significant synergies in the energy sector.

Preliminary financial results for Atlas indicate robust revenue growth for 2024, with estimated annual revenue between $1.055 billion and $1.057 billion, up 72% from 2023. However, gross profit and adjusted EBITDA are expected to decline compared to the prior year, reflecting increased costs and operational investments. Atlas emphasized its focus on technology-driven efficiency and environmental responsibility, aligning with its long-term strategy to deliver shareholder value while addressing industry sustainability goals. A conference call on January 27, 2025, will provide further details on the acquisition and financial performance.